Ecobank Ghana has launched a new mobile banking App, as part of its array of digital banking services dubbed “Ecobank Digital”.
The mobile banking App, available in Google Play Store as Ecobank Mobile App, allows users to open virtual bank accounts and use it for transactions such as payments, air time purchase, receiving cash, investments and more.
It also allows the user to link the account to his or her mobile money wallet and do cross transactions.
Ecobank Group CEO, Ade Ayeyemi noted that Ecobank Digital is designed to leverage the power of technology to deliver instant, convenient and cost-effective solutions to customers around Africa.
He said the full Ecobank Digital suit comprise Ecobank Mobile App, Ecobank Xpress Account, internet banking, Pan African Card, Automated teller Machines, Points of Sale terminals and others.
Mr. Ayeyemi said the intent is to rope in more of the unbanked across the continent, make banking easier, more accessible and affordable than before.
He noted that Ecobank Digital eliminates the risk of traveling across the continent carrying loads of cash for trade, saying that no matter where a trader goes, he or she can access cash from the Ecobank account through the digital platform.
Ayeyemi is confident as Ecobank digital opens up financial services to the unbanked, while serving existing customers at a whole new level, it will help transform Africa’s continent and leapfrog economic development.
Ecobank Ghana Managing Director and Regional Executive Anglophone West Africa, Dan Sackey said: “By leveraging the power of digital, Ecobank is freeing up customers, including merchants, in Ghana and West Africa to grow their businesses and live their lives more easily.”
Regional Head, Cards & eBanking, Ecobank Anglophone West Africa, Owureku Asare said: “The Ecobank Mobile App enables customers to open a free digital account – Ecobank Xpress Account. The beauty of this account is that you can open it instantly with no references, or paperwork.”
He said Ecobank Digital means borderless banking, adding that the a App, for instance, enables customers to send and receive money instantly across 32 other African countries, other than Ghana.
“With the app, Ghanaians now have the opportunity to carry out transactions on their phones no matter where they are in the country,” Asare said
Finance Minister Seth Terkper is glad that Ecobank is deepening financial inclusion and boosting the drive towards a cashlite society.
He also recalled how Ecobank collaborated with MTN to enable many more Ghanaians to use their mobile wallet to buy government treasury bills.
The Minister is confident the new Ecobank Digital platform will boost trade between Ghana and its neighbors.